Parker’s tax principles bill to get first reading under urgency

Taxing times for David Parker. (Image: Getty)

Thu, 18 May 2023

Revenue minister David Parker’s tax principles bill that will trigger regular reporting on whether the tax system is fair will get its first reading under urgency.A second omnibus tax bill is also getting its first reading under urgency. This will: lift the trustee tax rate to 39%, commit New Zealand to global initiatives to make sure multinational corporations pay at least 15% tax, top-up KiwiSaver contributions for people on paid parental leave, and smooth lump sum payments from the Ministry of Social Development and the Accident Compen...

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